Rotary Pumps Market Outlook
The rotary pumps market size was valued at USD 6.70 Billion in 2022 and is likely reach to USD 10.66 Billion by 2031, expanding at a CAGR of 5.3% during forecast period 2023–2031. Growth of the market is attributed to rising focus on waste water management systems, increasing overall efficiency & productivity for enterprises, and rapid urbanization.
For transferring high amount of liquids like chemicals & oils the rotary pump is used. The main parts of rotary pumps are seal compartments, rotating assembly, pumping chamber, valves, casing, and endplates.
For minimizing leakage during discharge the rotary pumps are manufactured with minor clearances and for maintaining this clearance they operate at low speed. Manufacturers are adopting advanced technologies in their pumps such as moving of harmful chemicals from one place to another without causing any adverse effect on environment.
The Covid-19 pandemic affected the demand and supply of rotary pumps market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing adoption of new technology in agricultural sector is projected to boost the market.
- Rapid development in manufacturing sector is the major factor fueling the market.
- Lack of awareness about the rotary pumps is projected to restrict the market expansion during the forecast period.
- High price of the products is anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in rotary pumps market is projected to offer lucrative opportunities for the market players
Scope of Rotary Pumps Market Report
The report on the rotary pumps market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Rotary Pumps Market–Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Types (Gear, Progressive Cavity, Lobe, Vane, Screw, and Others), End-user Verticals (Pharmaceutical, Power Generation, Water & Wastewater Management, Gas & Oil, Food & Beverage, Petrochemical & Chemical, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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Gardner Denver Holdings Inc.; ULVAC Inc.; Atlas Copco AB; Xylem Inc.; Colfax Corp.; IDEX Corp.; Dover Corp.; Pfeiffer Vacuum Technologies AG; SPX Flow Inc.; and Busch Systems
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Rotary Pumps Market Segment Insights
The petrochemical & chemical segment accounts for key share of the market
On the basis of end-user verticals, the rotary pumps market is fragmented into pharmaceutical, power generation, water & wastewater management, gas & oil, food & beverage, petrochemical & chemical, and others.
The petrochemical & chemical segment accounts for a key share of the market. Growth of the market is attributed to rising demand for agricultural products, increasing need for water, and increasing development activities in rotary pumps sector.
However, the pharmaceuticals segment is anticipated to expand at a rapid pace during the forecast period due to increasing per capita income, increasing standards of process of manufacturing, and increasing number of small manufacturing factories.
The gear segment is anticipated to hold significant market share
Based on types, the market is divided into gear, progressive cavity, lobe, vane, screw, and others. The gear segment accounts for a significant share of the market. Growth of the market is attributed to high differential pressure & high viscosity performance and rapid innovations in rotary pumps industry.
The screw segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by private & government sectors, cost effectiveness of rotary pumps, and increasing penetration of IOT.
Asia Pacific is estimated to hold major market share
On the basis of region, the rotary pumps market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is estimated to expand at a high CAGR during the forecast period due to factors such as presence of major market players, rising demand for pumps from power generation sector, and rapid economic growth.
The market of Asia Pacific is estimated to hold major market share due to rapidly growing number of working people, increasing awareness among consumers, growing demand for electronics, and rapid industrialization.
Segments
Types
- Gear
- Progressive Cavity
- Lobe
- Vane
- Screw
- Others
End-user Verticals
- Pharmaceutical
- Power Generation
- Water & Wastewater Management
- Gas & Oil
- Food & Beverage
- Petrochemical & Chemical
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the rotary pumps market include Gardner Denver Holdings Inc.; ULVAC Inc.; Atlas Copco AB; Xylem Inc.; Colfax Corp.; IDEX Corp.; Dover Corp.; Pfeiffer Vacuum Technologies AG; SPX Flow Inc.; and Busch Systems
Some of these players are using several market strategies such as product launches, capacity expansion, merger, acquisitions, collaborations, and partnerships to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
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